CommoditiesUS company is building a bigger facility to complement existing pilot factory in MinneapolisHonda Motor's investment in Niron Magnetics is the latest example of Japan-U.S. critical minerals collaboration now that China is restricting rare-earth exports. (Source photos by AP and Reuters)PAK YIUSeptember 9, 2026 22:01 JSTNEW YORK -- Japan's Honda Motor is investing in Niron Magnetics, a U.S. startup working to commercialize magnets that do not use rare earths, the latter announced on Wednesday, as both countries face supply chain friction with Beijing over the critical minerals.
Honda invests in rare-earth-free magnet startup Niron Magnetics
US company is building a bigger facility to complement existing pilot factory in Minneapolis
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